http://beancounterblog.com/2010/05/07/the-dangers-of-automated-trading-orders/ Sat, 24 Mar 2012 18:32:57 +0000 hourly 1 http://wordpress.org/?v= http://beancounterblog.com/2010/05/07/the-dangers-of-automated-trading-orders/comment-page-1/#comment-80146 Loren Tue, 18 May 2010 16:31:32 +0000 http://beancounterblog.com/?p=960#comment-80146 The "limit' orders you speak of in this scenario are 'stop market' orders, not limits. A limit order is to be filled at-or-better whereas a stop-market (stop-loss in this case) order becomes a market order once the designated stop price is traded, requiring a fill at any price no matter how much lower (or higher). The “limit’ orders you speak of in this scenario are ‘stop market’ orders, not limits. A limit order is to be filled at-or-better whereas a stop-market (stop-loss in this case) order becomes a market order once the designated stop price is traded, requiring a fill at any price no matter how much lower (or higher).

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